Poor fundamentals lurk
Some market-watchers continue to suspect that the first-quarter rally in base metals prices was premature and overdone. Prices fell sharply under the pressure of long liquidation by funds on March 22,…
News
Lending Rates (April 01, 2002)
as of 4 pm ET, Mar. 26, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.05LIBOR US$ 6-month2.38LIBOR US$ 1-year3.08Gold lease 3-month0.54Gold leas…
Gold Funds (April 01, 2002)
Gold Funds as of March 21 2002Dundee Precious MetalsCentral FundNet Value$19.27$5.66Price$14.12$5.75…
The Northern Miner – North American Mining Index (April 01, 2002)
82.65 (+1.28)(Sept. 30/98 = 100)…
The Northern Miner – Small Producers Index (April 01, 2002)
76.60 (+4.21)(Sept. 30/98 = 100)…
Inmet, LionOre score WA discoveries
Inmet Mining (INM-T) has discovered a high-grade zinc-copper massive sulphide deposit in the Northeastern Goldfields region of Western Australia, the same area where LionOre Mining International (lim-…
Permitting moves Prairie Creek forward (April 01, 2002)
Vancouver — Canadian Zinc (CZN-V) has received five more permits for exploration and development at the Prairie Creek mine and mill facility in the Northwest Territories.The property is 338 km north …
Inmet boosts Cayeli stake, closes Pyhasalmi purchase
As expected, Inmet Mining (IMN-T) has increased to 50% its interest in the Cayeli copper-zinc mine in eastern Turkey while completing its purchase of the similar Pyhasalmi mine in central Finland. The…
Dia Bras starts Banankoro diamond search
A small private placement is funding Dia Bras Exploration’s (DIB-V) search for diamonds in Guinea.The Montreal-based junior acquired the right to earn a 60% interest in the Banankoro permit, which cov…
Tariffs or trade?
Recent moves by the United States government to protect its domestic steel industry show just how poorly the idea of free trade has worked its way into the general consciousness.Tariff protection has …
Tiberon updates Nui Phao resource (April 01, 2002)
Based on results from 33 drill holes, junior Tiberon Minerals (TBR-V) has released an updated resource estimate for its Nui Phao tungsten property in Vietnam.Including copper and fluorite converted to…
South Pond drilling comes up nearly empty
A small drilling program at the South Pond copper-gold property in south-central Newfoundland has returned disheartening results for Celtic Minerals (CME-V).Seven core holes totalling 1,236 metres wer…